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Hungary’s BUX Stock Index Drops as OTP Bank, Mol, Richter Fall

Sept. 1 (Bloomberg) -- Hungary’s stock index fell, paring this week’s advance as OTP Bank Nyrt., oil refiner Mol Nyrt. and drugmaker Gedeon Richter Nyrt. slid more than 1.7 percent.

The BUX gauge of 13 companies lost 1.8 percent to 18,144.38 as of 10 a.m. in Budapest. The benchmark was still up 1.7 percent from the end of last week.

Most European shares fell before a U.S. report that may show manufacturing in the world’s largest economy contracted for the first time in two years.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Stephen Kirkland at skirkland@bloomberg.net

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